On July 31, WANGUO GOLD GP rose 6.08% in regular trading, trading at 10.62 HKD/share, with turnover of approximately 48.95 million HKD. The stock extended its recovery rally for the third consecutive session following clarification of the Gold Ridge Mine slope failure incident.

The company previously clarified that a localized slope failure occurred at a non-operational bench at its Gold Ridge mine in the Solomon Islands, confirming no injuries, fatalities, or property damage, with mining operations and construction projects continuing as normal. The incident had previously triggered a single-day decline of over 6%, but the stock has since entered a recovery channel as the market confirmed the absence of any material operational impact.

Simultaneously, the Diversified Metals and Mining sector showed broad strength, providing additional support. Sector peers Ximei Resources gained 14.96%, Jiaxin International Resources rose 6.88%, and MMG advanced 2.61%. UBS previously maintained a Buy rating on the company with a target price of 17.3 HKD, reflecting confidence in its long-term fundamentals including rising gold production at Gold Ridge and strategic cooperation with Zijin Engineering.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)